Future Market Insights research projects a positive trajectory for the global laminating machines market. Starting at a valuation of US$ 584.3 million in 2022, the market is forecasted to exhibit a robust Compound Annual Growth Rate (CAGR) of 5.0%, reaching a significant milestone of US$ 955.9 million by 2032. The wet laminating machines segment is expected to dominate due to its user-friendly nature and cost-effectiveness, poised to contribute an incremental opportunity of US$ 234.9 million between 2022 and 2032.
FMI’s analysis indicates that the laminating machines market generated revenues of US$ 560.2 million in 2021. Driven by escalating demand across various end-use industries, the market is anticipated to accelerate its growth, attaining the US$ 955.9 million mark by 2032 with a 5.0% CAGR during the forecast period. This positive outlook is projected to yield substantial growth, offering an absolute incremental opportunity of US$ 395.7 million from 2022 to 2032, reaffirming the prospective expansion of the laminating machines market.
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Key Takeaways from the Laminating Machines Market
- Wet laminating machines as an orientation segment for laminating machines are estimated to remain dominant during the forecast period. This segment is expected to hold around 50% of the market share by the end of 2032.
- The food & beverages segment is anticipated to remain the largest end-use industry segment due to increasing preference of consumers for laminating packaging due to the safe packaging advantage provided by laminating machines. This segment is likely to expand 1.8x of its current sales, witnessing a CAGR of 5.6% over the forecast period.
- The North American region is likely to remain the most lucrative market for laminating machines. Due to the high rate of industrialization and technological advancement, the market in this region will contribute a major market share in laminating machines market by end of 2032.
- Innovations and advancements brought by the players in the market are attracting new end users.
“The growing need for the safe packaging in various industries such as food & beverage and pharmaceutical has created opportunities for the key players to manufacture laminating machines which can laminate efficiently and quickly, maintaining high-quality standards.” – says FMI analyst
The Need for the High Quality Lamination at a Faster Rate to Meet the Demand is Boosting the Laminating Machines Market
Laminating machines can easily laminate at a high speed and the chances of errors can be reduced. Automated packaging solution machines can efficiently laminate the products at a consistent rate. The growing demand of the end-use industries such as pharmaceuticals and food & beverage requires an automated solution, which can laminate the products at a high speed without degrading the quality of the lamination. In addition, the laminating machines can be operated easily and do not require any expertise. Laminating machines help in providing lamination, which keeps the product stronger, durable and more flexible. Thus, the added benefits provided by the laminating machines have increased the sales of the same.
Increased Adoption of the Laminating Machines in the Pharmaceutical Industry is Propelling the Sales of the Laminating Machines Market
Laminating machines help the pharmaceutical products in the packaging of sensitive powders, granules or liquid products. High-sensitive products can be preserved using laminating foils as it separates the products from the external environment. The efficiency of the laminating machines in packing the products helps in reducing the chances of errors. The pharmaceutical products require extra care as the form and nature of the products should not change.
Laminating machines help pharmaceutical companies with packaging and protecting the medications in capsules and tablet dosage forms. Different laminating materials such as paper, plastic and foil are used by pharmaceutical companies as they are hygienic, lightweight, and toxin-free, which helps in increasing the shelf life of the pharma products. Thus, due to the need for the efficient packaging and laminating of pharmaceutical products, the usage of laminating machines is increasing in the pharmaceutical industry.
Impact of COVID-19 on Laminating Machines Market
The demand for laminating machines majorly relies on the end-use manufacturing industries such as pharmaceutical, food & beverage, personal care & cosmetics etc. COVID-19 had an adverse effect on the end-use industries, which resulted in the drastic collapse of the demand for laminating machines. Owing to the lockdowns and disrupted supply chains, manufacturers had to face difficulties. The growth of the laminating machines market was hampered due to the covid-19 pandemic. However, some industries such as processed food and pharmaceutical had a positive impact from COVID-19. The increasing need for safe packaging helped to laminate machines market to recover.
Laminating Machines Market Landscape
D&K Group, KOMFI spol. s r. o., Black Bros. Co., Comexi Group Industries and Graphco are the key players operating in the global laminating machines market. Also, some of the noticeable players operating in the laminating machines are HMT Manufacturing, Inc., Karl Menzel Maschinenfabrik GmbH, Monotech Systems Ltd., ALEMO, Chongqing Sinstar Packaging Machinery Co., Ltd, L.R. Schmitt Nachfolger Sondermaschinenbaugesellschaft m.b.H., WORLDLY INDUSTRIAL CO., LTD., GMP, Robert Bürkle GmbH, VEIT GmbH, SAM Europe Srl, Reliant Machinery, HIP-MITSU srl and others.
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Laminating Machines Market by Category
By Orientation:
- Wet Laminating Machines
- Thermal Laminating Machines
- Dry Bond Laminating Machines
By Application:
- Paper
- Plastic
- Foil
By End-use Industry:
- Food & Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Automotive
- Aerospace & Defense
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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